Milana Vinn
Parchment, a PE and VC-backed EdTech company that digitizes and distributes education credential records, is on the block, sources familiar with the process told Buyouts. First-round bids were due last week, the people said. One of the bidders is likely to have preempted the process, they said. The sale is expected to value the company […]
Blackstone Group — after its investment in MagicLab (an owner of dating app Bumble)—sees opportunity in other online marketplaces, according to Jon Korngold, senior managing director and head of the firm’s growth equity team. Last week, Blackstone announced it is taking a control position in MagicLab, a parent company for the women-centered dating platform Bumble and […]
Update: On Monday, Nov. 11, OpenText announced it would acquire Carbonite for $23 a share in a cash deal. Including debt, the transaction values Carbonite at $1.42 billion. Multiple PE firms are circling the sale of Carbonite, a Nasdaq-listed data protection company, which is accepting final bids, five sources familiar with the process told Buyouts. […]
Wells Fargo industrials banker Casey Rentch joined Goldman Sachs as the bank seeks to capture a larger share of the middle-market advisory and financing market. Rentch, who spent 14 years at Wells Fargo, will join Goldman Sachs next week as a managing director focused on the industrial sector, out of Atlanta. He will be part of […]
Goldman Sachs launched a dedicated middle-market advisory and financing effort earlier this year, pushing into the market for companies—sponsor and non-sponsor backed—with enterprise values of $500 million to $2 billion. Goldman expects more than 100 bankers to work on the middle-market team, called Cross Markets Group. Three senior bankers, David Friedland, Will Bousquette and Rob […]
Riverside Company wants to build out its education technology platform after the recent merger of OmniUpdate and Destiny Solutions. Earlier this week, Riverside acquired OmniUpdate, an internet content management system (CMS) provider for higher education clients. As part of the deal, the firm simultaneously merged OmniUpdate with Destiny Solutions, a provider of student lifecycle management […]
Quilvest Private Equity is weighing options for Command Alkon, a construction software and supply chain provider, three sources familiar with the process told Buyouts. William Blair will be advising Command Alkon on the potential sale, the people said. Quilvest Private Equity, the PE arm of global asset manager Quilvest Group, may kick off the sale […]
Last year, Hg approached TA Associates to acquire Access Group, a U.K.-based business management software provider. TA was not interested in fully exiting the company. But the two firms hit on a novel idea that appears to be gaining popularity in today’s high-priced market. Boston-based TA chose to sell a 50 percent stake in the […]
HGGC is looking for more deals in the public market after the firm completed its third take-private in a two-year stretch. The firm closed its acquisition of publicly listed Monotype Imaging Holdings in October. The $825 million take-private of the typeface developer, which owns rights to popular fonts such as Times New Roman and Helvetica, […]
P2 Energy Solutions, backed by Advent International, is looking for a new owner in a deal that could value the company between $1.3 billion and $1.5 billion, four sources familiar with the company told Buyouts. The sale process is likely to kick off early next year, one of the sources said. William Blair will be […]